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Real Estate

“Goldman Sachs: Home prices to climb another 16% by the end of 2022”

“…The investment bank projects that home prices — already at record highs — will grow another 16% by the end of 2022. Despite price increases of 20% over the past year, the analysts at Goldman Sachs suggest that homes remain “relatively affordable” thanks to historically… Continue Reading…

Stocks

“Stocks correction of 5%-10% likely by year-end: Deutsche survey”

“…An equity market correction of 5%-10% by the end of the year was the overwhelming consensus in a September market sentiment survey published by Deutsche Bank on Monday. According to the report, conducted from September 7-9 and covering over 550… Continue Reading…

Stocks

“Stocks may fall 15% by year-end, warns Morgan Stanley. Here are some portfolio moves investors might consider.”

“…“The issue is that the markets are priced for perfection and vulnerable, especially since there hasn’t been a correction greater than 10% since the March 2020 low,” said Lisa Shalett, chief investment officer of Morgan Stanley Wealth Management, in a… Continue Reading…

Precious Metals

“Goldman Sachs Forecast: Gold Price Rise To $2k By End of Year”

“EDITOR NOTE: Yet another major financial player is bullish about the gold price forecast in the near future. Analysts from Goldman Sachs say that they “See XAU/USD moderately higher amid a weaker USD and emerging market demand recovery.” They also… Continue Reading…

Economy

“Oil Could Hit $80 by Year End, JPMorgan Says. Here’s Why.”

“Oil is likely to jump to $80 a barrel by year end amid expanding demand and a lack of supply, according to JP Morgan analysts led by Joyce Chang. The upcycle in energy prices is supported by a surge in demand as the world… Continue Reading…

Business, Stocks

“Oil prices end higher as traders weigh latest supply update, demand prospects”

“Oil prices ended higher on Wednesday, shaking off an earlier decline, as traders parsed U.S. government data showing a more-than-3-million-barrel decline in crude inventories, and a bigger-than-expected climb in gasoline inventories. Once traders “looked beneath the sticker shock” of a… Continue Reading…

Business, Economy

“American Air Sees 19,000 Job Cuts Once U.S. Payroll Aid Expires”

“American Airlines Group Inc. will cut 19,000 workers once federal payroll aid expires as scheduled on Oct. 1, capping a 30% workforce reduction since the coronavirus pandemic began to torpedo travel demand. About 17,500 employees will be furloughed, meaning they… Continue Reading…

Banking

“The Fed is extending its lending programs until the end of the year”

“The Federal Reserve said Tuesday it is extending its menu of lending programs to businesses, governments and individuals to the end of 2020. Originally set to expire Sept. 30, the myriad facilities, stretching from credit to small businesses up to… Continue Reading…

Stocks

“US STOCKS-Nasdaq ends at record high as Wall St rises with tech shares”

“U.S stocks rose on Wednesday and the Nasdaq hit a record closing high, supported by technology shares as early signs of an economic rebound… Apple Inc and Microsoft Corp provided the biggest boosts to the Dow and S&P 500, with… Continue Reading…

Personal Finance

“Seven money moves you can actually make before the end of the year”

“Pull your monthly bank and/or credit card statements for the last year…Total all your debts…Total your savings.…Review your retirement account…Review your Social Security statement…Do a net worth statement…List your financial highs and lows for 2019…” https://www.washingtonpost.com/business/personal-finance/seven-money-moves-you-can-actually-make-before-the-end-of-the-year/2019/12/17/c6e94ac6-20dc-11ea-86f3-3b5019d451db_story.html The article goes into… Continue Reading…